That the following be approved:

1)        the Council transfers the completed 22 apartments at Peach Place, Wokingham to a Council-owned housing company on terms to be agreed by the Director of Corporate Services in consultation with the Leader of the Council;

 2)       the proposed funding model, including the allocation of Section 106 receipts for the provision of affordable housing;

3)         the proposed tenure mix;

4)       the delegation of any further related and subsidiary decisions if required to complete the transaction to the Chief Executive in conjunction with the Leader.